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20130418
20130418
Search Results 0 to 17 of about 18 (some duplicates have been removed)
that it's a hard job every day of the week. >> defense secretary chuck hagel and joint chiefs of staff's general martin dempsey testified before the senate armed services committee on the defense department 2014 budget request. the pentagon budget request includes almost $527 billion in discretionary spending nearly 1% decrease from 2013. this is three hours and 45 minutes. >> good morning everybody. chuck hagel, general martin dempsey the chairman of the joint chiefs of staff, accompanied by the department's comptroller undersecretary bob hailed for her hearing on department of defense fiscal year 2014 budget request and the posture of the u.s. armed forces we welcome secretary hagel on his first appearance as secretary of defense before this committee. we thank all of our witnesses for their service to our nation and to the soldiers sailors airmen and marines at home and in harm's way. we could never say that enough. your testimony today is a key component of the committees review of the fy2014 budget request for the department of defense. this year's request includes $526.6 billion
move to drop their nuclear program. members of north korea's national defense commission said the proposal was unacceptable. they called on the security counsel to retract economic penalties imposed after the country's latest missile launch and nuclear tests and demanded that u.s. and south korean commanders suspend military exercises currently under way in the south. the commission members also said the military forces and the people of north korea are closely watching what steps the u.s. and its followers will take. the remark suggests that there is still room for dialogue with the u.s. and south korea. >>> south korea's foreign minister is playing go between in an effort to keep an annual summit with japan and china on the calendar. yun byung-se in seoul says he will also raise the north korea issue. officials have been preparing to host the summit in late may. a diplomatic source saying young is expected to meet the other foreign ministers. the source says yung will try to convince the two ministers to proceed with the talks as planned. they believe it's too early to hold
of the defense intelligence agency spa capano current thfureat to the national securi. along with the national security agency, the national geospatial intelligence agency and the national reconnaissanceoffice and thinteencen etservices erts of the department of de that are also elements of the intelligence communy thatth direct clapper hits. director clapper while much of the information that you provide to policy makers in putting members of congress cannot be shared with the public because of its sensitivity and classification. the people who elected us to serve deserve the best information that we can publicly provide them. so we are glad that you and the general are with us this morning to do just that. among the challenges that we face is a self-inflicted wound, one with the fact that director clapper has rightly said amplify the other threats that we come from around the world that challenges the and prioritized cuts required by sequestration. this committee is interested in hearing from both of you today about the impact of the fy 2013 sequestration and the impact it's having on the in
. self-defense force pilots took to the air more than 300 times in the past year to respond to chinese activity, surpassing the number for russian planes for the first time. defense ministry officials say pilots made emergency take-offs against foreign aircraft approaching japanese air space 567 times from april 2012 to the end of march of this year. that's a 20-year high. the number of scrambles against chinese planes almost doubled from the previous fiscal year. they increased sharply after last september following the japanese government's move to nationalize the senkaku islands. a chinese government plane flew close to the islands last year, the first intrusion into japanese airspace since the sdf began keeping records. >> translator: at this point, i don't think china would make approaches that would turn into military conflicts with japan. >> but a former air self-defense force commander also says if japan softens its stance on territorial protection, china could become increasingly active. >>> south korean president park says enough is enough. she says it's time to stop the prac
with aircraft from china. self-defense force pilots took to the air more than 300 times in the past year to respond to chinese activity, surpassing the number for russian planes for the first time. defense ministry officials say pilots made emergency take-offs against foreign aircraft approaching japanese air space 567 times from april 2012 to the end of march of this year. that's a 20-year high. the number of scrambles against chinese planes almost doubled from the previous fisc year. they increased sharply after last september following the japanese government's move to nationalize the senkaku islands. a chinese government plane flew close to the islands last year, the first intrusion into japanese airspace since the sdf began keeping records. >> translator: at this point, i don't think china would make approaches that would turn into military conflicts with japan. >> but a former air self-defense force commander also says if japan softens its stance on territorial protection, china could become increasingly active. >>> south korean president park says enough is enough. she says it's t
or if you do have a portfolio manager, look to manage it defensively. by that, either have a ladder portfolio so you can reinvest as rates go up, or, have a short duration where you have -- >> okay. >> set et et cetera to keep your maturity short. >> i want to squeeze in a tax question. we hear that the obama administration may want to put a cap on the tax exemption. is that another reason to clean up your portfolio now rather than wait? >> well, i don't know that it's another reason to clean up your portfolio, but it's certainly something to keep on the radar screen. you know, obviously, with everything that's going on in washington, everything is on the table. and with each one that comes out, there's a proposal that there would be a 28% cap on deductions so no one would be lower than the 28% tax bracket. that means you couldn't have all tax-free income that would put you in no tax bracket. in essence, that would be a tax on municipal bonds. mayors and governors are fighting this very, very aggressively. and each time they seem to get it out of the budget proposal and then a new b
suggested the united states would reduce our missile defense system in asia for exchange -- in exchange for chinese help with north korea. it seems to me even though we are being threatened by nuclear attack by the north korean government, first of all is that an accurate statement? if so, explain that if you would. >> no. not an accurate statement. i think it was corrected while i was over there. there was reporting to that effect. what i -- there was no offer, no deal, no contemplation of it. what i did say publicly and i'll say it again, is that the president took specific deployment steps of missile defense in direct response to north korea. and it stands to reason that if the north korean threat disappears, there would be a logical question of whether or not that same level of deployment is necessary. all i stated was a sort of fact based on the rationale of the deployment itself. >> do you think that the united states should give aid to north korea of some type to temper their saber rattling, which they seem to do, about this time every year? >> no. >> all right. thank you for tho
that says maybe you should move back into tech and out of some of those defensive consumer areas. >> we're not there. we've been advocating what we've been calling stocks with bond-like characteristics for better part of two years and we really pressed that at the beginning of this year. we are not ready to make that change. if through earnings season and as we get into the full april data set you really were to see a significant correction, probably in the overall market but certainly in those capital spend sensitive sectors, then you might get a window to do it. but we would not be doing that today. >> obviously, barry, then the alternative might be to continue to buy some of these defensive names and we see them at the top of the list today. the verizons and pepsis. don't you run into a valuation question there? how expensive do they get when even they are not a good alternative? >> we don't think valuation matters a whole lot for those stocks. we think it is more about the huge tentacle created by fed buying and now bank of japan. some of that buying weakened into the u.s. this is t
missile defense system into the city. and you hottest has claimed responsibility for the attack -- agent hottest -- a jihadist rupe has claimed responsibility for the attack -- a jihadist group has claiemed responsibiliy for the attack. >> he denies charges and says the attempt is in the -- says the charges are an attempt by the government to silence dissent. >> outside the courthouse, the lawyer and opposition -- the lawyer says that he faces charges -- [indiscernible] he says the charges are politically motivated. >> sooner or later, we will win and drive these crooks and thieves from power. >> he rose to the head of the opposition movement during russia's elections at the end of 2011. he called for people to vote for any party other than putting's -- putin's. since then, he has said he wants to become president. >> the trial's purpose is to get him off the political stage. it damages his reputation and creates a legal pretext to prevent him from taking part in elections. >> in court, he asked for more time to study the charges and the evidence. the judge adjourned the court until nex
, requires the inspectors general of the intelligence community, departments of justice and defense, as well as the privacy and civil liberties board to submit a report to congress every year regarding the use of the information shared with the federal government. this amendment asks the inspector general of the department of homeland security to list enspectors general required to submit the report. it also adds the house and senate committee on homeland security to the list of committees that will receive the report. currently only the house and senate intelligence committee will receive the report. having the department of homeland security as a department included in this reporting requirement adds one more layer to this accountability. allow me to talk about the overall bill and why it has my support. i believe we need a 21st century solution for this 21st century problem. i have heard from businesses and constituents in arizona with firsthand knowledge of this issue. it's affecting both large corporations and small businesses alike. our national security, our financial security, are un
of defense. we built a strengthened homeland security enterprise and a more secure america, better to face the challenges we face. the president'sle budget allows us to build on the progress by preserving core front line operations priorities. at the same time, given the current fiscal environment, this is the third straight year that our budget requests reflects a deduction from the previous year. our request is $800 million below the f.y. 2013 enacted budget. our mission has nod changed and we continue to face evolving threats. we've become more strategic how we use these resources. this is coupled with a unprecedented with a fiscal discipline that has led to $4 billion in cost reductions over the past four years in a process we call efficiency review. before i get to the nuts and bolts of the budget i want to talk about sequestration. >> excuse me. can i ask you to pause a little bit longer. if you could pause for a moment dub. we want to get this quarum ieve we have a .nd if i can find -- here we go i would like to take this opportunity to conduct a brief business meeting -- to consi
? >> well, in essence we've had this outperformance of the more defensive sectors but it is not so much that they're defensive. we're talking about stable cash flows, stable earnings, stable share prices and higher than average dividend yields. david: let me stop you right there. practically everybody says you want to get into dividend stocks. you're saying don't just look at the dividend. it has to have all the elements, stable cash flow and all the other elements? >> exactly. for example the dividend yields last four weeks have suddenly become attractive in the material sector. that is all the stuff leveraged to china. the share prices are fallen and dividends might be at risk. we're talking about with companies with very stable businesses that do have bond-like characteristics throughout the company. this is largely a function of fed policy. the portfolio balance channel while it hasn't done a heck of a lot for real macroeconomic growth has certainly made the bond market more expensive. david: you talk about bond-like charactertics, the main characteristic of bonds they're stable. th
for these defensive groups to be leading the market in up turn. if the market pulls back they will lead in the pull back and more. >> which is highly unusual. >> very unusual. >> thank you so much. >> a pleasure. >> see you again soon. >> sue, shamu is going public. black stone taking its sea world entertainment group three years after it went private. jane wells is outside the world famous sea world in san diego. have you spoken to shamu yet, jane? >> very good. shay-moo is a london whale. i have not spoken to him. i just didn't want to make the big whale angry. ths turning into a whale of a deal. it keeps getting bigger. black stone which bought sea world was going to sell 10 million of its own shares. now this march of the penguins, sea world plans to use its portion to pay fees and debt. so all told, we could have nearly 30 million shares priced between 24 and $27. this for a company with 11 walter parks. most revenue is now coming from florida and sea world sales, profits and spend per customer is all growing. it is a unique leisure company. >> i loved shamu so much so i can't wait for my son
probably own stock in corporations, as wealthy as you are, that have an interest in the defense industry, and you as a shareholder could get hands on that. >> really, i could? >> not all is classified. certainly, the fact they are doing is not classified. >> isn't that hate speech? >> no, even hate speech is protected. hate speech is protected as long as -- >> it's mayhem that's not protected. >> i could have sworn the anarchist cook book was banned. was that just lore? >> i think it was lore that was banned. the theory of the federal government is that individuals should decide what to read and see and hear and distribute. the government doesn't make those decisions for them. >> hate speech sows violence is outlawed >> right? >> all speech is incompetitive advantage wows when there's speech to rebut it. if there's stuart, let's get him, the mob gets him, i could be funnish -- punished for speech, but they say, what, are you crazy? it's stuart, and mob lays back, my speech is protected. >> i want to recommend your editorial in today's "washington times" about social security being a ponz
is to stabilize stocks. lot of times we conjure that side of the market. is a more defensive than with you want to call it that. tracy: this is going to continue. your job is going to be tough for a while. >> we opened the volume with volatility. tracy: what is your outlook for the rest of the week? are we going to continue to pour off into nothing more do you think this will turn around? >> there is always hope but we are trading at session lows, the volatility index is creeping up 7% right now, the s&p 500 testing 1540, support is down 1543, the 50 day moving average. is getting ugly. tracy: thank you for taking the time. adam: apple, is this a good time to buy? we will ask an analyst next. tracy: let's look at the winners and losers on the nasdaq but there are some winners. brendel resources holds up, 5.1%. we will be right back. @ tracy: apple trading below $400 for the first time since december of 2011. google reporting after hours what should you be doing now? senior analyst for chelsea advisory group here to tell us, tech stocks up 1%. what is going on? >> slowdown in europe and som
Search Results 0 to 17 of about 18 (some duplicates have been removed)